Toronto Dominion Bank Decreases Stake in Marsh & McLennan Companies, Inc. (NYSE:MMC)

Toronto Dominion Bank decreased its stake in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,451 shares of the financial services provider's stock after selling 89,594 shares during the quarter. Toronto Dominion Bank's holdings in Marsh & McLennan Companies were worth $35,142,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MMC. Financial Life Planners bought a new position in Marsh & McLennan Companies during the fourth quarter valued at $33,000. Sierra Ocean LLC purchased a new stake in Marsh & McLennan Companies in the 4th quarter worth about $36,000. Transce3nd LLC bought a new stake in Marsh & McLennan Companies in the fourth quarter worth about $39,000. Golden State Wealth Management LLC bought a new position in shares of Marsh & McLennan Companies during the fourth quarter valued at approximately $41,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Marsh & McLennan Companies in the fourth quarter worth approximately $45,000. Institutional investors own 87.99% of the company's stock.

Marsh & McLennan Companies Stock Up 0.8%

MMC stock traded up $1.78 during trading on Thursday, reaching $231.30. 994,131 shares of the company traded hands, compared to its average volume of 1,917,932. The company has a market capitalization of $113.97 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day simple moving average of $228.93 and a 200 day simple moving average of $225.26. Marsh & McLennan Companies, Inc. has a 12 month low of $201.77 and a 12 month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $3.06 EPS for the quarter, topping the consensus estimate of $3.02 by $0.04. Marsh & McLennan Companies had a net margin of 16.60% and a return on equity of 32.60%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same quarter in the previous year, the business posted $2.89 EPS. On average, equities research analysts anticipate that Marsh & McLennan Companies, Inc. will post 9.61 earnings per share for the current fiscal year.

Marsh & McLennan Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 3rd were issued a $0.815 dividend. This represents a $3.26 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, April 3rd. Marsh & McLennan Companies's dividend payout ratio is presently 39.95%.

Insider Transactions at Marsh & McLennan Companies

In related news, CEO Dean Michael Klisura sold 7,121 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $234.97, for a total value of $1,673,221.37. Following the transaction, the chief executive officer now directly owns 20,935 shares of the company's stock, valued at $4,919,096.95. This represents a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nicholas Mark Studer sold 49,390 shares of Marsh & McLennan Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $230.16, for a total value of $11,367,602.40. Following the sale, the chief executive officer now directly owns 28,329 shares of the company's stock, valued at approximately $6,520,202.64. This represents a 63.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,634 shares of company stock worth $16,244,986. Insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group upped their price objective on Marsh & McLennan Companies from $259.00 to $261.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Redburn Atlantic began coverage on shares of Marsh & McLennan Companies in a report on Tuesday, March 25th. They set a "buy" rating and a $281.00 price objective for the company. Wells Fargo & Company upped their target price on shares of Marsh & McLennan Companies from $223.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price target on shares of Marsh & McLennan Companies from $220.00 to $215.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Finally, Jefferies Financial Group raised their price objective on Marsh & McLennan Companies from $237.00 to $244.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $241.93.

Marsh & McLennan Companies Profile

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.